Automotive Valve Market Size Backed by Leading Players as New Launches Pick up Speed
Market Overview
Market
Research Future (MRFR) expects a promising growth for the Automotive Valve
Market Size 2020 at a significant rate between 2017 and 2023 (assessment
period). We will provide COVID-19 impact analysis with the report, along with
all the key developments since the coronavirus disease outbreak.
Key Boosters and Primary Restraints
The COVID-19
outbreak has exponentially disrupted the global economy. Automotive and various
component manufacturing plants have been closed down post the lockdown imposed
due to the pandemic, downfall in the consumer demand and the drop in the vehicle
sales have severely impacted the Automotive Valve Market Size. SARS-CoV-2 has
affected the stakeholders that are part of the market, who are now dealing with
both short and long term impact of the novel coronavirus. The COVID-19 impact
on the Automotive Valve Market Size has meant lack of raw material, production shifting
to countries outside China, financial crunch and delayed launches.
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Since most
of the European and US automotive manufacturing is facing massive uncertainty and
is waiting for the production to resume soon, the demand and supply ratio is
observing a large gap in the market. This situation has led to a weakened
growth of the Automotive Valve Market Size. On the bright side, with many of
the leading manufacturers emphasizing on the safety and protection of the
employees, tracking the employee health status, following every virus control
protocols and planning flexible work from home models, there might be hope for
the Automotive Valve Market Size in the coming period.
Furthermore,
the surge in the regulations and rules imposed by governments as well as ruling
authorities pertaining to environment safety are prompting manufacturers to develop
efficient and eco-friendly vehicles, which boosts the demand for automotive
valves. Apart from this, many of the renowned players are coming up new product
launches and innovations that can help them boost their market position.
For instance, in July 2020, Kawasaki launched
its latest KX250 with various enhancements, some of which are large-diameter exhaust
and intake valves, which facilitate more air as well as strengthened strong
power.
Market Segmentation
The Automotive Valve Market Size can be
considered for product, function, application as well as vehicle type.
The products
mentioned in the market study include EGR valve, solenoid, engine valve, brake
combination valve, and more. Solenoid segment can head the global market during
the assessment period as these products are user-friendly and are lightweight.
The segments
depending on function include pneumatic, electric and hydraulic. The market is
projected to be led by the electric segment owing to the better efficiency benefit
of this particular valve.
The primary applications
of automotive valve are Brake, HVAC and Engine. Between these, the engine application
is set to be the leading segment as valves help stop or allow the fluid flow in
engines.
Regional Insight
The Automotive
Valve Market Size can be regionally distributed with respect to North America,
Asia Pacific/APAC, Europe, and RoW/Rest of the World.
Over the
coming years, APAC can most likely be the market leader as the production of
commercial and passenger vehicles has increased drastically in recent years. MRFR
expects China to be the most profitable market in the region, given the rise in
the number of automotive OEMs shifting their manufacturing hubs in the country,
which is leading to surge in the production of vehicles. This can be a
favorable scenario when it comes to the demand of valves. Also, the ring automation
trend and the frequent advancements in technology also favor the automobile
valves market in this region.
North
America can potentially take the second lead in the global market as a result
of the rising sale of the latest vehicle models, which can result in the
expansion of the auto components supplier pool here. The high spending by automakers
on innovation and researches can also be beneficial for the Automotive Valve
Market Size in North America. The escalating preference for low emission
automobiles has also caused a rise in the demand for automotive valves, which
means excellent growth prospects in the following years.
Renowned Industry Companies
Some of the
renowned industry companies are Cummins Inc. AG (Germany), Automotive Valves
Pvt. Ltd. (India), Nextech Engineering (India), Aisin Seiki Co., Ltd. (Japan),
Federal-Mogul (U.S.), Valeo S.A. (France), Delphi Automotive (U.K.), SSV Valves
(India), AVR Valves Pvt. Ltd. (India), SMB Engine Valves (India), Continental
BorgWarner (U.S.), Robert Bosch GmbH (Germany), Johnson Electric Group (Hong
Kong), Denso Corporation (Japan), and more.
Recent News
June 2020
Triumph Group has entered a four-year long
contract to provide hydraulic valves to Lockheed Martin. Triumph will be
providing hydraulic utility actuation/HUA valves, which will part of the F-35
program.
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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